Spark Investment Management LLC bought a new position in shares of GSI Technology, Inc. (NASDAQ:GSIT) during the second quarter, Holdings Channel reports. The institutional investor bought 20,500 shares of the semiconductor company’s stock, valued at approximately $154,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of GSI Technology by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 874,346 shares of the semiconductor company’s stock worth $6,479,000 after acquiring an additional 40,539 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of GSI Technology during the second quarter worth about $389,000. LMR Partners LLP acquired a new position in GSI Technology in the second quarter worth about $345,000. Deutsche Bank AG grew its stake in GSI Technology by 144.0% in the fourth quarter. Deutsche Bank AG now owns 33,524 shares of the semiconductor company’s stock worth $265,000 after purchasing an additional 19,787 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in GSI Technology by 123.3% in the fourth quarter. Wells Fargo & Company MN now owns 20,546 shares of the semiconductor company’s stock worth $163,000 after purchasing an additional 11,343 shares in the last quarter. 29.18% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:GSIT opened at $6.94 on Friday. GSI Technology, Inc. has a one year low of $6.02 and a one year high of $8.94.

GSI Technology (NASDAQ:GSIT) last issued its earnings results on Thursday, July 26th. The semiconductor company reported ($0.08) EPS for the quarter. GSI Technology had a negative net margin of 10.76% and a negative return on equity of 5.39%. The company had revenue of $11.27 million during the quarter.

Separately, ValuEngine downgraded GSI Technology from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd.

GSI Technology Profile

GSI Technology, Inc, a fabless semiconductor company, designs, develops, and markets memory products primarily for the networking and telecommunications markets in the United States, China, Singapore, the Netherlands, and internationally. It offers synchronous static random access memory (SRAM) products, such as BurstRAMs for microprocessor cache applications; No Bus Turnaround SRAMs to address the needs of moderate performance networking applications; SigmaQuad and SigmaDDR products that are double data rate and quad data rate synchronous SRAMs; and radiation-hardened SRAMs for aerospace and military applications, such as networking satellites and missiles.

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Institutional Ownership by Quarter for GSI Technology (NASDAQ:GSIT)

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